The Vault Guide to the Top Engineering Firms, European Edition
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The Vault Guide to the Top Engineering Firms, European Edition
What you?ll find inside:
  • Current overview of the European engineering industry
  • Detailed profiles of Europe?s top engineering firms
  • Employee opinions on hours, perks, diversity and company culture
  • Insider tips about the hiring process


Pages: 294
Price: 34.95



Read an excerpt from the The Vault Guide to the Top Engineering Firms, European Edition


The European engineering sector is worth close to 3,000 billion euros, employing nearly 20 million EU citizens and is comprised of approximately 375,000 companies, according to the European Commission. Interestingly, 90 percent of the European engineering industry's incumbents are small and mediumsized enterprises, also known as SMEs. Since the early 1990s, these companies have come under immense pressure from increased foreign competition in low-cost centres, cheap imports and from outsourcing. As a result, there has been a massive reduction of around 20 percent in the number of SMEs in the sector. Recently tightened environmental legislation and the associated costs have further squeezed the bottom line. As the sector's economic base has increasingly withered, many experts have alluded to a terminal decline.

On the bright side
On the other hand, the European engineering industry seems to have weathered the storm and finally returned to its former glory. Even Fiat, which was rumoured to be a takeover target while seriously struggling early in the millenium, turned a profit in 2007 despite cooling demand in many of its main markets. Mechanical and electrical equipment worth approximately 710,045 million euros was manufactured in 2007, according to figures published by the European Commission. In total during 2007, exports of machine tools were worth 471.7 million pounds, while imports were valued at 578.6 million pounds, according to the Manufacturing Technologies Association. As such engineering remains integral to the growth and sustainability of the economies of the European Union, building and maintaining infrastructure that is key to the stability of the continent. Many of the world?s biggest companies--including EADS, Siemens, Philips, Rolls-Royce, Atkins, Daimler, E.ON, Volkswagen, Porsche, Nokia, Gazprom and Shell ? are based in Europe.

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